We receive many requests asking for information on how to inspect a car at auction, so we decided to produce a video to show you how easy it is to view and inspect the vehicle at Copart.
Do your own research:
Researching the vehicle is a crucial part of buying and flipping cars from auction. No matter what the car looks like online always be aware that you will likely need to do some repair work. If you’re not afraid to roll up your sleeves and get your hands dirty, buying a car at auction can get you a great bargain.
ALWAYS obtain a Vehicle History Report:
No matter what type of vehicle you’re looking for, it is your responsibility to ensure that you have the information needed to make an informed decision. A Vehicle History Report will provide you with information pertaining accidents, major repairs, title history, previous odometer readings, liens, and auction history. One you have a report you will be able to make an informed decision as to whether the car is worth your investment.
Upon arrival to the auction be sure to have the lot number, your bidder number and your photo identification ready. Once you sign in at the desk you will obtain the keys to the lot and head out to view the vehicle you are anticipating bidding on. You should always view the body condition, frame, engine bay area and interior. Furthermore, verify that the vehicle starts and pay keen attention to the dashboard indicator lights.
Following your investigation you will be able to make an educated decision on the amount you are willing to bid. You will also know whether the car will be an easy flip and be back on the road quickly without putting a large dent in your wallet, or totally blowing your restore budget.
Buying a car from auction can be fun and is an ideal way to get a great deal! It can save you hundreds or thousands of dollars and has potential to put money back in your pocket if you are in the business of flipping cars.